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  • FACTBOX-ADM's and Olam's cocoa businesses Tuesday, 16 Dec 2014 | 4:49 AM ET

    Dec 16- Olam International Ltd's $1.3 billion deal to buy Archer Daniels Midland Co's cocoa business will create one of the world's top cocoa bean processors and traders, rivalling Barry Callebaut AG and Cargill Inc.. The Chicago- based firm has eight cocoa bean processing facilities: Ontario, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany;...

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • Ex-officials accused of theft from school district Monday, 15 Dec 2014 | 2:02 PM ET

    COATESVILLE, Pa.— Two former officials at a suburban Philadelphia school district who resigned after a text message scandal are now charged with stealing money from the district, prosecutors announced Monday. Former Coatesville Area School District superintendent Richard Como and athletic director James Donato are charged with theft of school district...

  • Range Resources latest to cut back on spending Monday, 15 Dec 2014 | 12:47 PM ET

    FORT WORTH, Texas— Range Resources is trimming its capital spending plans, just the latest energy producer to do as crude prices plunge to levels not seen since the recession. Natural gas prices have slid as well, but partly because of the success of companies like Range Resources in places like the Marcellus Shale in Pennsylvania, where production has...

  • Alcoa buying Tital to help expand aerospace unit Monday, 15 Dec 2014 | 10:17 AM ET

    NEW YORK— Alcoa is buying a Germany titanium and aluminum structural castings company, Tital, to help expand its global aerospace business. Alcoa, which is based in New York with key operations in Pittsburgh, has been shifting from mining and smelting aluminum to making products that can be shaped into parts for autos and airplanes. Alcoa Inc. also said that...

  • PENNSBURG, Pennsylvania— Prosecutor: Man suspected of killing 6, wounding 1 near Philadelphia still at large.

  • NEW YORK, Dec 14- For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety. The public assistance in states like New York, Pennsylvania, Ohio, Oklahoma and Oregon comes as railroads are posting record profits, and...

  • FACTBOX-Taxpayers help subsidize oil-by-rail boom Sunday, 14 Dec 2014 | 7:00 AM ET

    Granting Agency: U.S. Department of Transportation Amount: $10 million Year: 2013 Recipient: South Eastern Pennsylvania Transportation Authority Description: Used to separate a CSX freight and commuter line that became crowded as demand for crude by rail grew in the Philadelphia area. Granting Agency: U.S. Department of Transportation Amount: $6.6 million...

  • Bakken-Cushing pipeline project slammed shut Saturday, 13 Dec 2014 | 11:01 AM ET

    Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.

  • *China data hits materials sector. NEW YORK, Dec 12- U.S. stocks fell on Friday, putting the benchmark S&P 500 on track for its first weekly decline in eight, after a further drop in oil prices and disappointing data out of China pushed investors away from the raw materials sector. That's what you have here, "said Terry Morris, senior equity manager for National Penn...

  • *WTI crude falls below $58 a barrel. NEW YORK, Dec 12- U.S. stocks fell on Friday, putting the benchmark S&P 500 on track for its first weekly decline in eight, following a further drop in oil prices and disappointing data out of China, the world's second-biggest economy. "It's a time when most managers have underperformed their benchmarks so rather than stepping up to...

  • ASTON MARTIN AIMS TO DIVERSIFY INTO SEDANS, CROSSOVERS, ELECTRIFICATION- SOURCES.

  • ASTON MARTIN PREPARING TO RAISE CAPITAL, EXPAND TURNAROUND PLAN- SOURCES.

  • NEW YORK, Dec 10- U.S. stocks lost more than 1 percent on Wednesday in the S&P 500' s biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares. Selling accelerated in afternoon trading, and by day's end, NYSE declining issues outnumbered advancers by a ratio of 4.66 to 1 ratio. Brent crude touched a new five-year low of $63.56 as Saudi...

  • Gilead sued over 'exorbitant' hepatitis C drug prices Wednesday, 10 Dec 2014 | 3:55 PM ET

    Dec 10- Philadelphia's transportation authority has filed a class action lawsuit accusing Gilead Sciences Inc of charging "exorbitant" prices for its blockbuster hepatitis C drug Sovaldi. The lawsuit, filed Tuesday in federal court in Philadelphia by the Southeastern Pennsylvania Transportation Authority, seeks an unspecified amount of money damages.

  • NEW YORK, Dec 10- U.S. stocks extended their declines on Wednesday afternoon, with all three major indexes down more than 1 percent each as the energy sector resumed its recent slide along with oil prices. Selling picked up in early afternoon, with declining issues outnumbering advancing ones on the NYSE by 2,450 to 613, for a 4.00- to-1 ratio.

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...

  • WASHINGTON, Dec 8- Swiss firm Supreme Foodservice GmbH pleaded guilty on Monday to overcharging the United States for food and bottled water it provided to U.S. armed forces in Afghanistan and will pay $434 million to resolve a series of related cases, according to court documents. The cases were investigated by federal prosecutors and Justice Department...

  • NEW YORK, Dec 8- Oil production from the United States' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices. Oil production from the three main plays- the Bakken, Eagle Ford and Permian Basin- is set to rise by some...

  • Boutrous represented the world's largest retailer, Wal-Mart, in one of the most anticipated business cases in years. Gibson Dunn is not the only law firm to turn Supreme Court appearances into gold. After the firm Sidley Austin won a Supreme Court patent case for eBay, it earned at least $10 million in unrelated legal fees from the online retailer, say people with...